Growth Metrics

Codexis (CDXS) Operating Expenses (2016 - 2025)

Codexis has reported Operating Expenses over the past 16 years, most recently at $28.4 million for Q4 2025.

  • Quarterly results put Operating Expenses at $28.4 million for Q4 2025, down 1.55% from a year ago — trailing twelve months through Dec 2025 was $112.1 million (down 4.87% YoY), and the annual figure for FY2025 was $112.1 million, down 4.87%.
  • Operating Expenses for Q4 2025 was $28.4 million at Codexis, up from $27.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for CDXS hit a ceiling of $45.1 million in Q3 2022 and a floor of $26.3 million in Q4 2023.
  • Median Operating Expenses over the past 5 years was $30.3 million (2021), compared with a mean of $33.5 million.
  • Biggest five-year swings in Operating Expenses: surged 60.83% in 2022 and later plummeted 39.76% in 2023.
  • Codexis' Operating Expenses stood at $34.9 million in 2021, then rose by 25.05% to $43.6 million in 2022, then plummeted by 39.76% to $26.3 million in 2023, then increased by 9.59% to $28.8 million in 2024, then decreased by 1.55% to $28.4 million in 2025.
  • The last three reported values for Operating Expenses were $28.4 million (Q4 2025), $27.6 million (Q3 2025), and $28.2 million (Q2 2025) per Business Quant data.